Cynthia Lummis Says Why Bitcoin Is Captivating Young Americans

Cryptocurrency-friendly Senator Cynthia Lummis (R-Wyo.) believes that the reason “many young Americans are into Bitcoin” BTC/USD is because it is "sound money."

What Happened: Lummis, on Tuesday, said the federal government’s blank check spending habits, the erosion of the gold standard and the development of the internet are major contributing factors that led to Bitcoin’s rise in popularity.

In my estimation, the reason so many young Americans are into #Bitcoin is because it is #soundmoney. The federal govt's blank check spending habit, coupled with the complete erosion of the gold standard and the development of the internet, led us here. Inevitable.
— Cynthia Lummis

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Posted In: Cryptocurrency Government News Regulations SEC Bitcoin Commodity Futures Trading Commission (CFTC)Cynthia Lummis Elizabeth Warren

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Why Bitcoin Is Captivating Young Americans — Senator Cynthia Lummis Weighs In

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